Chinese Buffet Recession Proof Even Better Sales in yr 2009
| Asking Price: | $419,000 | Inventory: | $10,000 ** |
| Gross Revenue: | $1,584,000 | Real Estate: | n/a |
| Cash Flow: | $216,000 | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
Business at the location as Buffet restaurant 14 years Surroundind areas other buffet restaurant almost went out of business during this serious recession period
But this buffet restaurant even makes better sales volume in year 2009
Average sales volume per month $132,000
Net Income Average per month more than $18,000
ASKING PRICE IS LESS THAN 2 YEARS RETURN REALLY PRICE TO SELL at $ 419,000
OR BEST REASONABLE, RESPECTABLE OFFER WILL BE CONSIDER
SELLER'S RETIREMENT FORCED TO SELL !!!
Size of restaurant about 10,000 square feet
Lease remaining 3 years plus 5 years option
but may be possible to negotiate for longer terms
Rent was $21,000 plus Cam charge $4,900 total of $26,000 But currently Seller paying for $21,000 NOW
Depends on Buyer's Qualification and financial Strength
Possibly can make negotiation with Management Company/ We Will See
Located near by city of Huntington Beach,
Close by 405 Freeway and 22 Freeway
MAY BE POSSIBLE TO HAVE 30% OF PURCHASING PRICE SELLER FINANCE FOR QUALIFIED BUYER
Because of Not many banks make small business loan nowdays
Even no matter what bank comes up SBA up to 80%
But reality wise actual funding is not easy at all
SELLER MOTIVATED, I MIGHT CONSIDER, IF BUYER SERIOUS,
BUYER MAY GET 50% OF PURCHASINNG PRICE OWNER FINANCE.
Several Key Companies Catering order is getting bigger and more often
Because of competetion Buffet restaurants were out of business
Sometimes 300 to 400 people orders without any particular advertisement
COME AND GET
SELLER NOTICED HOW HARD TO GET BANK LOAN FROM BUYER SIDE
LET'S MAKE A DEAL
For more detail information
Call me at (213) 327-5400
or email me at
jameskwonrealtor@yahoo.com
or go direct to my website www.JamesKwonBroker.com
from this website click into
" CONFIDENTIALITY MENU "
Complete N.D.A. Paper Works then fax or email me
But this buffet restaurant even makes better sales volume in year 2009
Average sales volume per month $132,000
Net Income Average per month more than $18,000
ASKING PRICE IS LESS THAN 2 YEARS RETURN REALLY PRICE TO SELL at $ 419,000
OR BEST REASONABLE, RESPECTABLE OFFER WILL BE CONSIDER
SELLER'S RETIREMENT FORCED TO SELL !!!
Size of restaurant about 10,000 square feet
Lease remaining 3 years plus 5 years option
but may be possible to negotiate for longer terms
Rent was $21,000 plus Cam charge $4,900 total of $26,000 But currently Seller paying for $21,000 NOW
Depends on Buyer's Qualification and financial Strength
Possibly can make negotiation with Management Company/ We Will See
Located near by city of Huntington Beach,
Close by 405 Freeway and 22 Freeway
MAY BE POSSIBLE TO HAVE 30% OF PURCHASING PRICE SELLER FINANCE FOR QUALIFIED BUYER
Because of Not many banks make small business loan nowdays
Even no matter what bank comes up SBA up to 80%
But reality wise actual funding is not easy at all
SELLER MOTIVATED, I MIGHT CONSIDER, IF BUYER SERIOUS,
BUYER MAY GET 50% OF PURCHASINNG PRICE OWNER FINANCE.
Several Key Companies Catering order is getting bigger and more often
Because of competetion Buffet restaurants were out of business
Sometimes 300 to 400 people orders without any particular advertisement
COME AND GET
SELLER NOTICED HOW HARD TO GET BANK LOAN FROM BUYER SIDE
LET'S MAKE A DEAL
For more detail information
Call me at (213) 327-5400
or email me at
jameskwonrealtor@yahoo.com
or go direct to my website www.JamesKwonBroker.com
from this website click into
" CONFIDENTIALITY MENU "
Complete N.D.A. Paper Works then fax or email me
About the Business
Year Established:1995
Employees:12 full time - 1 part time
Facilities:10,000 square feet
About the Sale
Management Training and Support:2 weeks after close of escrow
Reason For Selling:retirement forced to sell
Seller Financing:Seller Might Consider for Qualified Buyer Maximum of 30% of Selling Price for 2 years
Attached Files - Attachment Disclaimer
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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